First time home buyers are usually looking for homes in a lower price range and one that they can fix up and sell for profit. Many will consider purchasing a distressed home or a foreclosure to save money. A good number of real estate agents Selling Foreclosure Property in Maplewood NJ can give potential buyers a list of properties that are currently bank owned or are getting ready to be foreclosed. These agents specialize in working with the banks and know the steps necessary to getting the property sold again.
Most real estate companies will have a select group of agents that handle foreclosure properties and short sales. These agents work to find clients who are pre-qualified and can secure loans for the bank’s purchase price. Real estate agents also work closely with certain lenders who can obtain loans for distressed properties. In recent years the number of agents Selling Foreclosure Property in Maplewood NJ has doubled due to the economic downturn that caused the housing market to crash, making it easier to find someone who works with foreclosed properties.
Foreclosures appeal to potential buyers because the asking price of the property is typically the unpaid balance on the last loan. Meaning buyers get more home for their money. Real estate agents handling foreclosure and short sale properties can guide customers towards a home that gives them everything they want at a fraction of the cost. These agents can also help those wanting to buy understand that purchasing a foreclosure has some disadvantages, but is still a good deal if they know what to look for when touring a property. These agents are often brokers who can direct clients to homes that are exclusively sold by their real estate firm. These properties can be priced less if they are in a neighborhood that is being restored or was at one time a distressed property, either way, they can offer better deals because there is no middleman when it comes time to write up the contract.
Realty 33 Inc. is a family owned real estate firm with years of experience in buying and selling homes in the Maplewood, NJ. They are a brokerage firm as well and have helped many clients handle their property issues. They contribute to developing communities and restoring homes for resale. They are a full-service company for all real estate needs Contact Realty 33 Inc. today for more information.
